Hi TX3
I have taken a conservative approach here.
The newly formed entity could very well have a book value of $0.22 per share based on 6 billion shares and a combined balance sheet.
As for the 2.5 multiplier used on p/bvps.
I have used the following:
Morningstar P/B ratio for our index shows 2.24 in red 5 valuation screen.
Alpha spread site shows our median of 2.5 P/B and slr median at 1.1.
As the two combined forming a new company and possible rerate back to a conservative price based on financial fundamentals, I have only used the balance sheets to derive my result , I think we start at a conservative base value of our new book value x index average of 2.5.
It would not take long for our book value to increase dramatically as a result of improved free cash flow and total gold production increased as a combined
entity.
Go Gold
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37.5¢ |
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Open | High | Low | Value | Volume |
39.0¢ | 39.8¢ | 36.8¢ | $13.81M | 36.61M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 2044679 | 37.5¢ |
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Price($) | Vol. | No. |
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38.0¢ | 571259 | 6 |
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5 | 60778 | 0.375 |
19 | 498783 | 0.370 |
20 | 490018 | 0.365 |
27 | 977354 | 0.360 |
13 | 617290 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 541140 | 5 |
0.385 | 286370 | 8 |
0.390 | 409462 | 7 |
0.395 | 420773 | 8 |
0.400 | 464714 | 11 |
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